SJL Saint Jean Carbon Inc

Saint Jean Carbon Inc. ("Saint Jean" or the "Company") (TSX VENTURE:SJL)
announces that the Company and Pala have mutually agreed not to proceed with the
non-brokered $14,000,000 convertible debenture private placement ("Convertible
Debenture Financing") and a $600,000 bridge loan ("Bridge Loan Financing") with
Pala Investments Limited ("Pala") as previously announced when the Company
signed a letter agreement ("Letter Agreement") in the press release dated May 1,
2014. Saint Jean shall formally withdraw its application to the TSX Venture
Exchange concerning the Convertible Debenture Financing and the Bridge Loan.


About Saint Jean 

Saint Jean is a publicly traded junior mining exploration company with a number
of graphite mining claims on three 100% owned properties of the Company located
in the province of Quebec in Canada. The three properties include the Walker
property, a past producing mine, the Wallingford property and the St. Jovite
property. The Company is led by a management team with in-depth experience in
the graphite sector. For information on Saint Jean's other 4 properties and the
latest news please go to the website www.saintjeancarbon.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Saint Jean Carbon Inc. - Information Contact
Laurie McCarney
Director of Corporate Communications
(905) 844-1200 ext: 305
lmccarney@saintjeancarbon.com
www.saintjeancarbon.com

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